Asian shares drop to 2011 levels as oil slump intensifies

January 18, 2016 5:49 AM

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Asian shares drop to 2011 levels as oil slump intensifies

TOKYO Asian shares slid to their lowest levels since 2011 on Monday after weak U.S. economic data and a massive fall in oil prices stoked further worries about a global economic downturn.

Spreadbetters expected a subdued open for European shares, forecasting London's FTSE .FTSE to open modestly higher while seeing Germany's DAX .GDAXI and France's CAC .FCHI to start flat-to-slightly-weaker.

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